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Part of executing on your vision is marketing. As a techie myself, it's my weakest area and my main goal for this year is to become better at it. I've seen people start with no connections but they built up the connections they needed. You need to do the same thing and not make excuses.

I've been interested in hyperlocal as well and had a website in the space years ago. I consider it an obvious idea that techies really like, which means there are tons of people working on it. The idea is simply waiting for the market to come around, but once it does, you'll have even more competition including established companies like Foursquare. If a well-known entrepreneur simply getting funding irks you, then you're going to be in for a bumpy ride.

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